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to do that. because he will be hit again with big spending and more deficits if he proposes anything. >> and playing the republicans' game. chris: ok. let's look at what could be the key to everything. ohio. and you've written about it. every winning republican has carried ohio. and joe, your magazine, "time" magazine has a big spread on it this week. why hoeup will decide the election -- ohio will decide the election and your ohio poll has obama up five points. the gender gap is big in ohio. obama up in 19 points among women. and another fascinating thing obama gets 43% of the wheat vote, higher than in most states. is it all about the auto bailout, smart move politically? >> it is all about the auto bailout. the chevy cruise which is assembled in ohio has ohio parts. down to the seat covers. and everybody knows that the alternative to the auto bailout would have been 13%, 14% unemployment in that state. chris: is there a national positive for him on the auto front or is it just in a couple of states, wisconsin, obviously michigan, those kind of mi western industrial statse? >> coal
, indeed, the government of i said i can't is very concerned about the fiscal deficit situation and the finance minister unveiling the consolidation plan, something that hasn't gone on particularly well with the markets because they're not willing to believe the fiscal map. let's talk about what the government intendses to close fy 13 with. the budgeted number 5.1, saying there will be a slippage, but they hope to contain to 5.3%. most estimates peg the fiscal deficit numberner from 5.7 to 5.9%. but as i said, the finance minister coming out all guns blazing and saying it cannot be a business as usual promise. the tough decidings will need to be taken. they are talking about the decisions on the taxation front. they hope to divest the government's share holding. the spectrum sale should give them another strengthening rupee will bring down their import subsidy especially as far as oil sub s citydyes are concerninged. so the government at this point in time is clear, they're also sending out a message to the reserve bank of india. it announces its mop taker poli policy, they feel
, create millions of jobs, and cut the deficit. voters understand their big ideas and they like them, but undecided voters aren't sure which guy can turn promises into economic reality. i've got two of the best political minds in the country to break this down for us. candy crowley our chief political correspondent, host of "state of the union with candy crowley" and mark preston, cnn's political director. candy, let's start with you. from the very first primary which you covered to the last hour of voting, the economy has been and will be issue number one. is there anything either candidate can really say or do in the next few days to sway voters who are still not convinced? >> i don't know that even if they could, they have anything left to say or do to convince these voters. you know as well as i do, we're going to get one more jobs report and we're also going to get the report for how the economy, the gdp, how the economy did in the third quarter, so, you know, it's possible that they will have some talking points around that but at this point in a campaign, they don't want to sa
a state with the deficits were high, people were out of work. when he left, what was the story? he balanced the budget, ran a surplus, and the people back to work. and then i think you saw with one of these videos about the olympics. that is leadership. you go out there, the thing is a mess and you turn it around because you are a leader. that is why it is so important we elect romney, because it is these kids' future that is at stake. it is the strength of the family that is at stake. now, i have to tell you, i have been referring to paul ryan as the paul revere of the next generation, ok? i've known paul ryan for a long time. unfortunately, he is a lot younger than i am. in fact, when i was budget committee chairman, he worked on the staff of the budget committee. but he stood out like no one else on nasdaq. then he was elected to congress. our careers are very similar because he has taken on these issues, these a dent issues and economic issues and the job issues for our country. i have to tell you, when you are in washington doing that, it is all lonely trek up the mountain. bu
for a trillion dollar deficit for the last four years. the largest, fastest that increase in american history and say that we have to control spending. you have done nothing to control spending over the last four years. with respect to cut cabin balance it's amazing to me also that the idea of cutting wasteful spending, capping the ability of congress to spend money we don't have, and balancing the budget is extreme. i think it would force the congress to set priorities and stop funding things like cylinder solyndra and prioritize like social security, medicare and education and that's why i support the balanced budget to the constitution. >> i especially like watching the gavel-to-gavel coverage. it is really only the place to get the real deal and i also enjoy newsmakers and the book programs i like that the commentary is only intended to let you know what is going on and there isn't really much analysis. they're certainly isn't an opinion, and i appreciate how i can really see through and understand the programming itself and i can get my analysis elsewhere. if you want to see how your gov
. at the same time, he is enormously concerned about the deficit, about government spending, and about debt. he told me if i ran my business the way the government runs its house, i'd be out of business, and that is what we hear across iowa, city to city, whether they lean right or left, they hate the debt here, and i spoke to this one guy in des moines, bob bradshaw. i think he sums it up pretty well. listen. is it the jobs or is it the deficit? >> both. you know, if we're not bringing it in, we shouldn't spend it. and if it's, you know, tough on us to make it better for our kids, i'm willing to sacrifice now to make it better for our kids. >> so interesting. and also people talk about the quality of the jobs, too, right? so even though the unemployment rate is 5.2%, they're worried about how much debt we have, the deficit. they're also worried that the quality of the jobs that are available aren't maybe what they used to be. >> they are. and they said, look, poppy, it's not just about that 5.2%, it's about the jobs that we're getting that are being created. they're lower paying jobs, the hour
the state house, indiana deficits. when ms. daniels came into power just a couple years later and budgets to help to write, indiana with $700 million in debt and had a deficit of $800 million. facts are stubborn things. how are we going to make sure and preserve the fiscal integrity of the state of indiana? >> congressmen come if you spent the last 10 years in indiana, you'd know that our budget has to be balanced in indiana according to our constitution. i balanced and produce bipartisan balanced budget. and oddly, these were supported by fort wayne zone david long and the tenet of american, peggy stillman. i find it almost laughable that the united states congress and with lecture anybody about fiscal responsibility. he voted out once, not twice, but five times, congressman. you voted to edit the results increased her deficit by 200 billion, billion with a b. dollars. >> now look at the race for pennsylvania's 20 electoral college votes but a political scientist in the state. >> for the next server based on c-span's "washington journal" come we focus on key background states in campaign
to the biggest budget deficit in 2008. >> so you believe the senate is doing their job? >> i think that they did the right thing in the budget control act. this includes revenue and going after these tax loopholes. the politicians who signed the pledge to the lobbyists grover norquist -- >> i will give you 60 seconds to respond. >> sitting around your kitchen tables you can't go three months without managing your finances. you can't go three weeks without managing the budget for your small business. but he and other career politicians have gone three years since they passed a budget. he talks about the budget control act. if you are watching this, think for a second. do you have the budget control act in your small business? this is washington speak. we manage our small business with the budget. but these politicians to think that they can live by different set of rules. after you've been there 20 years i think this is what happens. i support the proposal this is, no budget, no pay. >> this is a good sound bite but it doesn't get us to where we need to be. we passed the budget that does to the b
get credible deficit reduction out there. what's important is the housing market could be a big upset surprise. housing market coming back and state and local government still deteriorating, but if they just plateau out and are no longer a drag, the do i nynamics of thatd mean more growth. still 2013 the diceyest part of the equation right now. >>> the romney campaign issued a press release saying it's a sad reminder that our economy is at a virtual standstichlt polar opposite view of austan goolsbee. >>> not everyone is feeling the recovery. i'll tell you who got left behind right after the break. [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. check out the latest collection of snacks from lean cuisine. creamy spinach artichoke dip, crispy garlic
to tax cuts and would say actually deficits don't matter right now. let's make growth a priority. and because it was a republican president that, therefore, you would have the congress much more willing to go along. wall street at this moment would see that as a positive scenario, stimulus by stealth. >> what i worry about is that neither candidate if they win is going to get to execute their vision, that they're going to be having -- like you marry someone but there are a lot of unruly relatives you never quite realized were there. coming out of the woodwork. and i worry -- i actually think both men acquitted themselves quite well in the debates. but the point is, they're in this larger environment, what is going to go on. i worry we're going to see muddling through instead of clear-cut tax reform, clear cut infrastructure program, clear cut ways to improve education. >> joe, i remember a couple of years ago -- >> i do it every year. >> but a series of wonderful articles, before the midterm for "time" magazine. you talked over a lot of the midwest, middle class. and you found th
taxes. you hope you get really fast growth. i think the deficit would go up a lot for a while. we would get growth. but i'm not sure it would be anything like we saw under reagan. there is so much debt out there. there is so many headwinds. there's europe, the a administration would do less on cutting taxes if at all and probably raise spending. that's really where the difference is between the two. one of them wants a smaller government. one of them sees the government doing more things. that's a big difference. >> you know more than i do. quick answer, do you think either of them will get the 12 million jobs in four years that they're promising? >> it would be a very good outcome. i think it's a long shot, frankly. >> your answer is smarter than mine. i said i'd wear a dress for a week if it happened. you're in less danger. thanks very much for being with us. >>> let's get back to ohio. let's get back to the auto bailout. president obama bailed out the auto industry. mitt romney says the bailed out auto companies are using that money to ship jobs to china. we'll get to the bottom of w
budget this year was $1 trillion in deficits. the paul ryan budget which passed the u.s. house was $600 billion in deficit. i have the courage to submit a balanced budget if i'm elected president right after i'm inaugurated. secondly, i am for jobs and america for american citizens first, and the only candidate that has called for a near complete moritorium on green card admissions to the united states until unemployment is under 5%. it makes no sense to bring in so many foreign workers when our unemployment is so high in this country. [applause] secondly, third, we -- >> running low on time. >> we need the super p.a.c.sit n and political action committees, that would be one of the things to open up our country for greater process and greater voice by the people, and finally, we need term limits. it is time to do the best job in congress instead of the election and fund raiser. >> now an opening statement from governor johnson. >> the country is in really deep trouble. we should not bomb iran. [applause] we should end the war in afghanistan tomorrow. bring the troops home tomorrow. [che
the president took office, christine, the trade deficit with china has grown every single year and is now going to breach $300 billion. over the course of his term we've added over $1 trillion in debt to china. the bottom line here is that china's currency won't be properly valued until we don't have a trade deficit with china. >> we're out of time, but we'll talk about it soon. great having you on again. >> thank you so much. >>> want to know how you can make $70,000 a year with an associate's degree? one of the best jobs out there. they need you. and it can't be outsourced. i'll tell you about that job right after the break. ♪ ♪ [ male announcer ] you've been years in the making. and there are many years ahead. join the millions of members who've chosen an aarp medicare supplement insurance plan insured by unitedhealthcare insurance company. go long. for a golf getaway. double miles you can actually use... but mr. single miles can't join his friends because he's getting hit with blackouts. shame on you. now he's stuck in a miniature nightmare. oh, thank you. but, with the capital one vent
recession in comparison to the rest of the economy. the huge issue is not the deficit number itself. it's the ratio of the debt to the economy over all. if the economy is growing because government is the spender of last resort and encouraging investment, education, job training, infrastructure, that growth actually enables the debt to shrink as proportion of the economy over all. europe and particularly spain and britain are the worst examples. they embarked on austerity economics, what happens? they actually shrink their economy. they go into recession, and their debt or deficit becomes a bigger problem as as the overall economy. >> eliot: i want to take snippets of this conversation and send it to every voter, and that would be a guarantee that there would an second term for president obama. previews of uc berkeley goldman school of public policy. as always, thank you. >> thanks. >> eliot: dennis kelleher president and ceo of better markets, nonpartisan organization promoting public interestage financial reform. den, you heard robert reich who has not gotten enough attention that is
a way to compromise and move forward on resolving the deficit problem. my feeling now is that it's not likely to be that simple. it's more likely to spill over into january. when that happens, we'll have a greater degree of uncertainty, not less. it may take longer to work this out than many people expect. indeed, president obama in an interview last week, mentioned that he thinks there will be a solution, a grand bargain, sometime in the first six months of 2013. six months. that's a long time to get this it problem straightened out. >> yeah, so, i mean, if we do get an agreement in six months, does that mean that the u.s. doesn't go into a recession? >> well, first i want to say the metaphor fiscal cliff is probably the wrong one. you step off a cliff, that's your last step. for many politicians, the real metaphor is it's a slope. they gradually go into these tax increases and spending cuts. they feel they can turn around and walk back up the slope, retroactively reverse the changes. in that circumstance, in that scenario, it creates a lot of uncertainty for businesses and for
with the unemployment stuck at 8% and trillion dollars deficits? i think the viewers would like to hear why it is you are supporting president obama. hochul: first, my answer to this, unlike you, chris, i don't believe either party has all the right answers. i won't say in congress i only support one party. there are concepts and policies i support with president obama like standing with the middle-class but i voted for middle-class tax cuts so they are no longer held hostage. you're willing to join majority and hold him hostage and not giving it should assurance. i want him to have that i want a farm bill passed so our farmers now delayed olympic i want to stand with our seniors and make sure that we don't balance the budget on their backs and break the promise to medicare we had to i believe mitt romney has ideas as well. i'm not so my way or the highway that i can't look at people objectively and go with what i think is best to every issue that comes before me, my question will be, what's best for this district. that's how i've operated and i continued to do so as a member of congress next year. >
the biggest contributors to u.s. deficits. americans agree that government spending has to be cut, but the question is -- how? the focal point senior center is just around the corner from coral k. it offers services to the elderly. for example, on this monday, they can receive health advice from an expert. and then, they can join in the fund and bowl with a wii game console. members of the center pay annual dues of just $5. the rest of the center's funds comes from donations and public money. many here are concerned about the future. this man says romney does not understand the need. >> he wants to take away too much because he thinks they are all too lazy. may be some are, but there's a lot of people out there that need the assistance. i do not trust the man. he could be a very nice person as an individual, but as far as the government, no. >> opinion polls in florida are as close as the body games in coral k -- the bocci games in coral cay. many wealthy are not concerned about their benefits but are instead word about the economy. >> obama has had four years and really has not c
term america created 23 million new jobs and incomes were up and poverty was down and our deficit became the biggest surplus in history. so, our ideas were tried and tested and they worked. their ideas were also tried and they didn't workout so well. remember, in the eight years after bill clinton left office they tried this top down economics, they tried this you're on your own economics. we tried giving big tax cuts to the wealtheist americans, we tried giving insurance companies and oil companies big wall street banks free license to do whatever they pleased. we tried it, and what did we get? we got falling incomes, record deficits, the slowest job growth in after a century and we ended up with a economic crisis that we've been cleaning up after ever since. [cheers and applause] >> so we tried our ideas, they worked. we tried their ideas, didn't work. now, governor romney, he's a very gifted salesman, so he's been trying in this campaign as hard as he can to repackage these ideas that didn't work, the very same policies that did not work, and he's trying to pretend that they ar
? would you want a full you are more years with trillion dollar deficits every year? >> both campaigns are playing the confidence game. both sounded upbeat about their candidate's chances and who can blame them when the polls are so close. behind the scenes, they must be very nervous. bbc news, washington. " there's good news for burma. the world bank has proposed development grants of $80 million and will provide another $160 million of credit once the country has cleared its existing debt. it's helping with the asian development bank and international monetary fund. this is after a year of political reform. we are joined by our bbc editor for the burmese service. >> the money is going to be used primarily to provide financial governance to the government and, also, to create conditions for growth and jobs. that's where the money is going to be spent. this is a tremendous boost to the burmese government, because in the last 20 decades there were western sanctions and it had not received any assistance financially from institutions such as the world bank and the asian development bank.
and warned. >> now, deficit. big issue for a lot of voters this election season. we know that governor romney has said in the third debate that u.s. is on track to follow greece, that america is the next greece. is this just really hot rhetoric or is it likely? >> it was a wonderful little sound bite, wasn't it? if obama gets elected, u.s. is the next greece. it's just hyperbole the differences between the u.s. and greece are so enormous that it doesn't really bear really fair comparison. not only because the u.s. has got the dollar, which is the world's largest reserve currency and largest market and growing at 2% and employment at 7.8%. all these issues. what the governor is talking about, of course, is debt and deficits. and the very high level of u.s. debt, which at some point is going to have to be addressed. whoever gets elected to the white house, whichever party takes the house and the senate, they are going to have to deal with the debt crisis. >> now, also got a chance to ask richard about his stateside train trip through the u.s. talked to voters from chicago through iowa and utah
that many had object to. and budgetary deficits and competitiveness would have been necessary but even without the crisis in the euro zone. it is therefore all the more necessary to share the burden of this adjustment fairly and to have policies especially targeted at reducing unemployment. and here come in the e.u. instruments should assist us. creating jobs and boosting socially inclusive growth remains our utmost priority in ultimate goal. the commitments made under the compact for growth and jobs cannot wait. they must be followed by decisive action and translated into concrete results. it's particularly urgent for the implementation of the 120 billion package we agreed in june for progress on the senior market issues and on our e.u. 2020 goals. it is also urgent for supporting social inclusion, developments, developing competitiveness of our industries and harnessing the potential of international trade. in the meanwhile, we will discuss the november the most annual financial framework at the european council. we need to grow the e.u. budget although it represents only 1% of europ
result in all kinds of new jobs. that has not happened. he said he was going to cut the deficit in half. that has not happened. the good news that we have somebody who is running for president that has the know-how. he has the experience. he has got the experience, the record, and he knows how to work with democrats, republicans cannot independents alike to address the challenges we face as a country, and that is why we need mitt romney in washington to fix what is broken and bring back the american dream. i see a uaw member here economy. autos. talk what go said barack obama that said were a few wars. one was about the auto industry. he said, you want to take those companies to bankruptcy. i supported a rescue package for the autos, but what obama said was not true. it was barack obama who took gm and chrysler through bankruptcy, ok? >> right? second, it was mitt romney who absolutely did provide for loan guarantees to ensure the warranties were backed up. that is what every fact checker who has looked at what obama said said he was wrong, he was not telling the truth. now, this is wha
-dollar deficits in washington? how about four more years of gridlock in washington? there's no question in my view that we really can't have four more years like the last four years. i know the obama folks are chanting four more years, four more years, but our chant is this -- five more days, five more days. that's our chant. [ cheers and applause ] [ chanting ] you know, we're going to have to come up with a better slogan tomorrow, or a different one at least. i know the president's been trying to figure out some way to suggest he's got some new ideas. because with all these people out of work, with 3 million more women in poverty today than when he took officer, with 15 million more people on food stamps than when he took office, he's got to find something to suggest it's going to be better over the next four years. so he came up with an idea last week which is he's going to create the department of business. i don't think adding a new chair in his cabinet will help add millions of jobs on main street. [ cheers and applause ] i mean, unfortunately what you've seen before your very eyes is a cam
defense spending. the issue is a deficit which is a huge drag long term and the spending of government and a lot of this will depend honestly on who is elected. >> stay with us. first we'll check on the markets to the degree that we can. u.s. futures have been trading in the overnight and morning session. >> currently trading a little bit more than 40 points below fair value. let's show you european markets. a bit higher this morning by good numbers out of ubs and bp. ftse 100 up 35 points. xetra dax up 0.8%. ibex up 0.6%. let's remind you what's going on as far as reinsurers are concerned. impact on hurricane sandy as well. all the big reinsurers are up. this is an expectation maybes wills aren't quite as heavy, but of course if you to get losses, also hardening rates in the long term anyway. an auction coming out of italy today. that's in about an hour or so time. we have three to four billion. might raise more than that. yields just a little lower today, just below 5% for italian. ten year spanish yields, 5.64%. still okay for now for the spanish government. euro-dollar is 1.2929 la
trillion in debt and trillion-dollar deficits every year, that's a chill on growth. tax policy has been complete uncertainty on his part, monetary policy you might argue that what chairman bernanke has done, you might argue that has helped growth at the margin or preserved jobs at margin at the risk of inflation. >> in a perfect world what do you think we could have been at? >> normalized i think a normal recovery, maybe if there's truth to what paul krugman talks about, maybe it's not 8% but it's 6%, 7%. you need 200 to 300,000 jobs a month to create the kind of jobs, 12 million jobs that mitt romney is talking about and that's, should be relatively easily doable. >> 2011 was slower than 2010 and 2012 will be slower than 2011, and we're starting at what just over 2%. i think it's horrible. i was trying with him but he just, i give up. there was five points he just gave me. he's right. you have to take the ball because i've thrown everything in a handout. he totally convinced me. i'm not even arguing. >> you were on the other side of this before. >> initially when i was trying to nail h
the staggering federal deficit. up next, we are going to hear from the ceo of checkers. plus, it's national potato day. we'll be celebrating with that our own dave briggs is live in detroit. i love how we say potato day and then dave briggs potato head pops up. he is live at the world series. hi, dave. >> i was waiting for your segway between potato day. hey, clayton the series has visit shifted from here to city. recent history says no it will not. we will tell you why after the break it is freezing cold here. we're back in a minute. seems they haven't been moving much lately. but things are starting to turn around because of business people like you. and regions is here to help. with the experience and service to keep things rolling. from business loans to cash management, we want to be your partner moving forward. so switch to regions. and let's get going. together. at legalzoom, we've created a better place to turn for your legal matters. maybe you want to incorporate a business you'd like to start. or protect your family with a will or living trust. legalzoom makes it easy withtep-by-s
the federal deficit in half and then he doubled it. he said he was going to lower the unemployment rate down to 5.2% right now. today we learn that it's 7.9% and that's 9 million jobs short of what he promised. >> joe biden responded to romney this way today. >> called it territorial tax. it's the bain way. it means if you're going to build a factory you go find -- this is the fact. you go find a currentory with the lowest tax rate and the cheapest wages. build it there, pay those taxes and you never have to pay a penny in tax in the profit you make when you bring them back home. why would anybody build -- why would anybody build a factory here? ladies and gentlemen, the experts point out, that new territorial tax will create 800,000 jobs. all of them abroad. i'm not making up, all of them abroad. 800,000. i found it fascinating at their convention when governor romney said the first thing i will do when i'm elected president, i will take a jobs tour. it's going to have to be a foreign trip. >> joining me now ezra klein and eugene robinson. it was a strong week for the conspiracy theoryists
the deficit. i don't think you should look at this issue in a way to make money off it. it's really not a needle mover. it can be negative for a lot of the defense companies as we know. they've been under a cloud because of these cuts. here's one from danny in new york. hi, jim. i have heard you say when considering the playing the down side of an equity you would short the stock rather than allow a put. please elaborate on your reasoning for this. >> if i have created any misperceptions that i favor shorting stocks it is completely out of character with all my books and what i used to do with my hedge fund, when i was working for people at goldman sacks or trading for myself. i always do puts. i rarely do shorts. i was a victim of some horrible short squeezes that lost me a ton of money. use puts. i don't care if there's a premium. let's go to some tweets. here's one from b. kelly 019 @jimcramer. cover calls allow me to print money out of large positions without having to sell. why do you hate them so much? here's the answer. i got to tell you something b kelly 019, i hate trapping
and policies on deficits. i think there is going to be a long period of time before we will get any action on this. i'm just talking about when someone puts out an idea, which has to be challenged in congress and debated, and then you get something fast, and then you have the implementation. after all, think about where we are as far as implementation in terms of obamacare. unfortunately, i am very pessimistic about when we finally get resolution. >> yes, sir. >> i am a student at harvard kennedy school. you started your remarks talking about the incredible remarks before the conservatorship. as we think about the entities that will follow, how we think about creating an appropriate amount of political installation against lobbying when it comes to capital requirements or appropriately pricing governments guarantee? >> that is a real important question. i can tell you that during my time in the conservatorship. we had really strong restrictions. we were not able to make any political contributions. not just the corporate level, but i, personally, was not able to do it. i happened to go thr
Search Results 0 to 49 of about 75 (some duplicates have been removed)

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